Last evening while waiting to go to sleep I broke a rule I generally have about watching Jim Cramer’s Mad Money program. My rule is usually: Don’t. It’s not that I don’t think he knows what he’s doing. Heck, he knows 1,000% more than I do about the “market”.
It’s just that I usually don’t watch Cramer because of his style. It reminds me of Beavis when he had too much caffeine and he turned into Cornholio. Only that was supposed to be funny.
Anyhoo, as I flipped through he caught my attention with a rant about the differences between professional investors and the amateurs. There were several points all of which I found interesting. And upon further reflection it occurs to me that one point is very much a part of my mantra as well;
The professional investor is first concerned with how much money he could lose. Not how much money he could gain.
That’s one of the reasons I love real estate investing right here in boring but very stable Kansas City. And why within the Kansas City metropolitan area I’m even choosier still as to what neighborhoods I will recommend investors to grow their portfolios.
As stated before, I’m not a big fan of the lower priced neighborhoods. Growth is slow. And neighborhoods can turn for the worse rather quickly. And I’ve also stated that I’m not sold on the condo boom in downtown KC because I think there is too much inventory at too high of a price. That’s more speculative than I like.
So I guess I have a little Cramerica in me after all.
My Google Alerts flashed an article across my screen this morning from a blog I had not known of previously. So off I went to explore. While still in it’s infancy in both content and presentation I see a really good blog developing here of interest to the real estate investor.
When I meet with out of state investors who have come to Kansas City for the more affordable investment properties our airport invariably comes up somewhere in the conversation. Yes, it’s quite a ways from downtown Kansas City. And yes, it’s 42 miles from my home all the way down in Olathe.
Anyone who has bought or sold a house in the last ten years has seen the Disclosure forms that are attached to most real estate contracts today. Even states where it is not required to have these Real Estate Disclosure Addendums have them as a routine practice. 
Disclose what you know…or should have known. I would venture to say that most lawsuits stem from an initial failure to fully disclose known issues with a house. You ignore it and figure that by the time Mr. Home Buyer figures it out you’ll have your proceeds and be on down the road. But when the sewer starts backing up and the plumber comes out and says it looks like the main line is shot and that he had given an estimate on it about 6 months ago…or Joe the busy-body neighbor says “Oh, yeah. They always had plumbers over for that.” Well, you are going to have issues. Trust me.
Kansas City is currently experiencing a buyer’s market. Investment property is a little better off. Certain areas of the city are better than others. Let me give you a picture of what the investment market in Kansas City currently looks like. 
There is no question I could find an investor to take this headache off their hands. But not at retail. So what can you do to be sure you can move your Kansas City are investment property if you need to cash out?
BBQ Capital | Kansas City Real Estate Investing 